News: Northern New England

Pro Con Inc progressing at West Street Hotel on Bar Harbor Waterfront

Construction is progressing at the West Street Hotel, a new boutique hotel over looking the waterfront and near the Bar Harbor Town Dock. The developer and owner of the property is West Street Properties LLC. Pro Con Inc is the architect and construction manager for the mixed-use development that will include the hotel, retail space and restaurants. West Street Hotel's location along the waterfront offers views of the harbor and is in walking distance to the downtown. All of the hotel's 102 guestrooms will feature water views and individual balconies. The hotel's public spaces will include tile floors, granite countertops and custom millwork. Plans call for the hotel to include a restaurant, roof top pool, and a fitness room. The development will have ground level retail spaces available for future commercial tenants. "The exterior siding, brick façade and windows are currently being installed," said the project manager for Pro Con Inc. "The roof installation is underway and we expect the hotel to be weather tight before the winter weather sets in."
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary